Aldi and Stellantis make significant new investments in Hungary
Stellantis will invest 20 billion forints (EUR 52m) into Budapest-based aiMotive while German discount chain Aldi has set up a global IT services center in Debrecen.
Stellantis will invest 20 billion forints (EUR 52m) into Budapest-based aiMotive while German discount chain Aldi has set up a global IT services center in Debrecen.
Huayou Cobalt will invest 520 billion forints (EUR 1.4bn) to build its first European plant in Ács.
Minister Szijjártó said the war in Ukraine had put an end to hopes of a calmer period after the coronavirus pandemic.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the investments with grants worth a total of HUF 1.8 billion.
Hungary was one of the EU’s economic champions and has a very good chance to come out of this crisis stronger than ever.
The foreign minister said the success of the Hungarian economy depends greatly on the production and research capacities investors bring to the country.
Inspiring Hungary, an exclusive conference organized this week by the Hungarian Investment Promotion Agency, showcased the achievements of the Hungarian economic model – increased foreign investment, more jobs, higher wages – and provided a networking platform for actors engaged in the country’s key economic sectors. Here are some of the takeaways.
Péter Szijjártó said Hungary will introduce an investment incentive scheme starting on October 1st to bring technology-oriented investments to Hungary.